We are excited to announce that MetalSwap’s Hedging Contracts, currently deployed on the Ethereum and Optimism blockchain, have surpassed 1000 opened hedging positions. In this article, we will analyze some statistics of the dApp, thanks to the brand-new Dune dashboard dedicated to dApp.

1000 Hedging Positions

MetalSwap recently celebrated its second anniversary and it's remarkable to think that over 1000 hedging positions have already been opened in this short period. As many are aware, initially, hedging contracts were only available on the Ethereum Mainnet, making it expensive to open new positions on the dApp. However, with the deployment of hedging contracts on the Optimism layer 2, aided by a grant of 30,000 OP tokens received by the project, everything changed and there was a surge in the number of positions opened within the dApp.

Analyzing the number of positions opened on both blockchains, we observe a clear majority on this layer 2 compared to those on Ethereum Mainnet. Specifically, as of today, 865 positions have been opened on the Optimism blockchain, while 147 are on Ethereum Mainnet.

Brand-New Dune Dashboard

Thanks to our contributors, MetalSwap now has a new public Dune dashboard, so now anybody has the possibility to visualize and analyze dApp-related data and analytics. This dashboard will allow users to visualize interesting statistics such as the number of open positions within the dApp or the number of minted liquidity-providing NFTs. Dune analytics is a tool that facilitates on-chain data visualization through the creation of intuitive dashboards.

Dune Dashboard

Data Analysis and Financial Restructuring

In the First MetalSwap Grant Cycle offered by the DeFi Foundation, a “Financial Architecture Improvement“ position was open, with the goal of finding a team to initiate a mathematical restructuring of the tool. The grant has been awarded and an analysis is currently underway using the data collected from these initial 1000 opened positions. This mathematical restructuring aims to improve the pricing of the tool and make it even more advantageous to use.

While this data analysis is being carried out, we are asking the entire community to spread their thoughts about this very important restructuring that will play a major role in the future of MetalSwap.

 -The DeFi Foundation

✎ What is MetalSwap?

MetalSwap is a decentralized platform that allows Hedging Contract on financial markets with the aim of providing coverage to those who work with Digital Asset and an investment opportunity for those who contribute to increase the shared liquidity of the project. Allowing the protection for an increasing number of operators.

With Hedging Contract we enable hedge swap transactions through the use of Smart Contracts, AMM style.

It's great to Hedge the Risk of Price volatility with MetalSwap dApp !